The Federal Government on Saturday promised to implement macroeconomic reforms to stabilise the foreign exchange market. The Minister of Information and National Orientation, Mohammed Idris, gave...
In a swift response to widespread online speculation, the Central Bank of Nigeria (CBN) has vehemently denied plans to forcefully convert $30 billion from Nigeria’s domiciliary...
Driven by strong performance from Transcorp, Neimeth, and Meyer, investors in the Nigerian equities market gained N898 billion at the close of trading on Friday. This...
Nigerians may be forced to pay more for goods as the Nigerian Customs Service (NCS) has increased the exchange rate for the clearance of goods from...
The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). The CBN’s Director of...
A strong performance by the Guarantee Trust Holding Company (GTCO), Caverton, NASCON and others propelled the Nigerian equities market to a positive trading day on Thursday....
The Association of Bureau De Change Operators of Nigeria (ABCON) has shot down rumors making the rounds that it has ordered the shutting down of operations...
Nigerians may soon have to pay more to enjoy additional supply of electricity supply, going by suggestions from the Minister of Power, Bayo Adelabu. Adelabu, has...
The Central Bank of Nigeria (CBN) on Wednesday issued fresh directives to commercial banks in the country to check suspected cases of excessive foreign exchange speculation...
Investors in the Nigerian equities market lost N1.07 trillion at the close of trading on Wednesday. This followed the dip in the market capitalization to N55.3...
FBN Holdings Plc, a leading financial institution in Nigeria, has appointed businessman, Mr. Femi Otedola as the new Chairman of its Board of Directors. He will...
The Senate on Wednesday summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, over the plunge of the naira in the foreign exchange...
The Nigerian equities market reversed 13 consecutive days of profit-making as investors lost N856 billion at the end of trading on Tuesday. This followed the drop...
The International Monetary Fund (IMF) has lowered Nigeria’s economic growth projections for 2024 to 3.0 per cent from the 3.1 per cent it forecasted in October....
The Central Bank of Nigeria (CBN) has disclosed that all verified foreign exchange (FX) claims by airlines have been concluded with the payment of additional $64.44...
In a bid to boost power supply in Lagos State, the Nigerian Electricity Regulatory Commission (NERC) has issued two power licences to the Alaro Connect Free...
The retail price of kerosine rose to N1,362.27 per litre nationwide representing an increase of N75.17 when compared to the N1,287.10 recorded in November 2023. This...
There are indications that Dangote refinery is set to turn to the US in the forthcoming months for supply of constant crude oil for the refinery....
About one week after Maersk Edirne, the biggest vessel to berth in Nigerian ports landed at the Lekki Deep Seaport, CMA CGM Scandola, another large vessel,...
The Nigerian equities market began the week’s trading with a N1.24 trillion growth in equity capitalization on Monday. After five hours of trading today, the market...
The Central Bank of Nigeria (CBN) has reiterated its commitment towards settling all legitimate foreign exchange backlogs within a short time frame. To this effect, the...
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it remitted zero allocation to the country’s coffers in 2022 due to the payment of subsidy...
Two cement stocks, Dangote and Bua, Bua foods, and Seplat are some of the stocks that investors can watch out for in the new week. The...
A significant boost to Nigeria’s economic landscape has emerged with the signing of $7 billion worth of investment deals with India. The agreements, spanning various sectors,...
The Minister of Power, Adebayo Adelabu, said on Friday the Federal Government was working to ensure outstanding payments are made to power generation companies (GenCos) to...
Investors in the Nigerian equities market ended the week with a profit of N138 billion on Friday. This is even as market capitalization increased today by...
The Research department of CSL Stockbrokers Limited has projected the cement industry to grow in 2024. The team in a report released on Friday projected that...
Group Managing Director and Chief Executive Officer, of the Nigerian Exchange Group Plc, Mr Temi Popoola has revealed that the exchange was challenging in the last...
Former Vice President Atiku Abubakar on Thursday asked the Federal Government to provide more explanations on the $3.3 billion emergency loan to the Nigerian National Petroleum...
Investors in the Nigerian equities market made a profit of N316 billion at the close of trading on Thursday. This followed the growth in the market...
The Transmission Company of Nigeria (TCN) Thursday blamed the poor power supply across the country on gas constraints. In a statement issued by its General Manager...
The Federal Inland Revenue Service (FIRS) has set a revenue target of N19.41 trillion in 2024. This target represents a significant increase of 56.91% from the...
Investors in the Nigerian equities market made N1.61 trillion at the close of trading on Wednesday. This followed the increase in market capitalization to N55.583 trillion...
The Minister of Finance, Wale Edun, said on Wednesday the Federal Government was targeting a 77 percent increase in Internally Generated Revenue (IGR). Edun, who is...
In a case reminiscent of the acquisition of Nigeria’s second oldest bank, Union Bank of Nigeria (UBN) by a lesser know bank, Titan Trust Bank, another...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concerns that proposed tariff increases on petroleum products could derail the success of the country’s ongoing...
The proposed plan by British oil giant, Shell to sell its onshore assets, Shell Petroleum Development Company Limited (SPDC) to the Renaissance group may have run...
The three tiers of government shared N1.127 trillion as revenue allocation for December 2023. The Federation Account Allocation Committee (FAAC) disclosed this in communiqué issued at...
Investors in the Nigerian equities market went home with N1.56 trillion at the close of trading on Tuesday. This followed the growth in the market capitalization...
Nigeria’s industrialist and Chairman of Dangote Industries Limited, Chief Aliko Dangote has kept his place as Africa’s richest man, latest data by American business magazine, Forbes...
Investors in the Nigerian equities market pocketed N673.10 billion at the close of trading on Monday. This followed an increase in market capitalization by N673.11 billion...
Dangote Cement Plc became the first Nigerian quoted company to cross the N10 trillion threshold in the country’s capital market. The shares of Dangote Cement closed...
Billionaire businessman, FeminOtedola has explained that long-term wealth preservation, export potential and shareholder value are some of the factors that informed his decision to buy shares...
The Lekki Deep Seaport, Sunday, January 21, 2024 berthed the largest container carrier to sail on Nigerian territorial waters in furtherance of the ambition of the...
Two cement stocks, BUA cement and Dangote cement are amongst the list of stocks to watch out for this week followed by equities of healthcare company...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
Real estate investment is a complex venture that involves both strategic decision-making and an understanding of external factors that can significantly impact returns. In this article,...
Nigerian consumers are grappling with a significant surge in diesel prices, with the average retail cost rising by a staggering 37.76% year-on-year, according to data from...
The Central Bank of Nigeria (CBN) will hold its first Monetary Policy Committee (MPC) meeting under the current governor, Dr. Olayemi Cardoso in February. President Bola...
Investors in the Nigerian equities market pocketed N1.45 trillion at the close of trading on Friday. This followed an increase in market capitalization by N1.4 trillion...